US–Iran Tensions Rise as Threats, Attacks, and Oil Disruptions Escalate

March 23, 2026

New Delhi: Donald Trump warned Iran that the US could strike its power infrastructure if it does not reopen the Strait of Hormuz within 48 hours. His statements, shared online, marked a sharp shift from earlier signals about reducing military involvement and added to global uncertainty.

Regional Attacks Intensify
The conflict has escalated with Israel and Iran exchanging strikes. Reports indicate attacks on energy facilities, missile strikes on southern Israeli areas, and attempted strikes near US-linked bases, including in Baghdad International Airport. Tensions have spread across multiple locations in West Asia.

Oil Markets and Global Impact
Disruptions in the Strait of Hormuz, which carries a significant share of global oil supply, have driven crude prices sharply higher. While restrictions continue, some oil shipments—particularly to countries like India—are still moving, creating both risks and strategic opp